National Bank Financial Comments on Lundin Gold Q4 Earnings

Lundin Gold Inc. (TSE:LUG) – National Bank Financial raised their Q4 2024 earnings estimates for shares of Lundin Gold in a research report issued to clients and investors on Tuesday, November 12th. National Bank Financial analyst D. Demarco now expects that the company will post earnings of $0.85 per share for the quarter, up from their previous forecast of $0.63. The consensus estimate for Lundin Gold’s current full-year earnings is $2.56 per share. National Bank Financial also issued estimates for Lundin Gold’s FY2025 earnings at $3.36 EPS, FY2026 earnings at $3.38 EPS and FY2027 earnings at $2.65 EPS.

Several other analysts have also issued reports on LUG. TD Securities boosted their price objective on shares of Lundin Gold from C$27.00 to C$38.00 in a report on Friday, October 18th. Royal Bank of Canada boosted their price target on shares of Lundin Gold from C$25.00 to C$27.00 in a research note on Tuesday, September 10th. Scotiabank increased their price objective on shares of Lundin Gold from C$23.50 to C$25.50 in a research report on Monday, August 19th. National Bankshares boosted their target price on Lundin Gold from C$30.75 to C$32.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. Finally, Raymond James lowered Lundin Gold from an “outperform” rating to a “market perform” rating and raised their price target for the stock from C$25.00 to C$29.00 in a research report on Monday, September 23rd. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$29.42.

Lundin Gold Price Performance

TSE:LUG opened at C$30.05 on Friday. The company has a market capitalization of C$7.21 billion, a P/E ratio of 23.29 and a beta of 1.23. The company has a quick ratio of 1.41, a current ratio of 1.98 and a debt-to-equity ratio of 14.28. Lundin Gold has a 52 week low of C$14.23 and a 52 week high of C$35.89. The stock’s fifty day moving average is C$31.19 and its two-hundred day moving average is C$25.22.

Lundin Gold (TSE:LUG) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.76 EPS for the quarter, beating analysts’ consensus estimates of C$0.60 by C$0.16. The firm had revenue of C$440.77 million for the quarter. Lundin Gold had a return on equity of 22.88% and a net margin of 24.30%.

Insider Buying and Selling at Lundin Gold

In other news, Senior Officer Terrence Smith sold 25,740 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$29.52, for a total transaction of C$759,826.78. Also, Senior Officer Chester See sold 14,900 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$30.10, for a total value of C$448,490.00. Insiders have sold 72,840 shares of company stock valued at $2,146,122 in the last quarter. Corporate insiders own 58.72% of the company’s stock.

Lundin Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.80 annualized dividend and a yield of 2.66%. Lundin Gold’s dividend payout ratio (DPR) is 82.95%.

About Lundin Gold

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.